Business
Final Results, Notice of AGM & Board Change
Tap Global Group plc reported a significant increase in revenues to £3.48 million for the year ended 30 June 2025, up 31% from the previous year, alongside a substantial improvement in gross profit margin to 75% and a reduction in operating expenses. The company also recorded £0.42 million in other income from the recovery of historical Bitcoin bonuses, and its registered user base grew to over 391,000. Despite a reported loss before tax of £5.7 million, largely due to a £4.7 million impairment of goodwill, the company's cash position improved by 43% to £0.81 million following a £1 million equity raise. Post-year-end, the company appointed a new Non-Executive Chairman and secured VASP registration in Bulgaria. Disclaimer*
About this update from Tap Global Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n2 January 2026\n \nTap Global Group plc\n \nFinal Results for the Year Ended 30 June 2025\n\nNotice of Annual General Meeting\n&\nBoard Change\n \nRevenues Up, Gross Profit Up, Operating Costs Down\n \nTap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, announces its financial results for the year ended 30 June 2025 (\"FY25\").\nFY25 Highlights\n· Revenues of £3.48 million, an increase of 31% on the prior year (FY24: £2.65 million)\n· Other income of £0.42 million from the recovery of historical referrable bonuses paid in Bitcoin\n· Registered users at year-end up to over 391,000 (FY24: 368,844)\n· Expanded cryptocurrency offering with 70+ tokens in 40 countries\n· Introduced new trading features and improved user experience across the Tap platform\n· Enhanced utility of XTP token with introduction of XTP Cashback on card spending\n· Secured VASP registration in Bulgaria in anticipation of upcoming MiCA regulations\n· Raised gross proceeds of £1 million to support growth with participation from high-profile institutional investors\n· Successful uplisting on AIM, providing enhanced liquidity and access to a wider pool of institutional investors\n· Post year-end - appointed FinTech and blockchain executive Manuel De Luque Muntaner as Non‑Executive Chairman\n· Post-year end - Steven Borg has resigned from the Board in his role as Chief Financial Officer with effect from 9 January 2026\nArsen Torosian, CEO of Tap Group, commented:\n\"The financial year ended 30 June 2025 was a defining period of graduation for Tap Group. We have successfully evolved from a challenger fintech acquiring its first wave of users into a fully regulated digital finance platform capable of serving the complex needs of both retail and institutional clients.\nLooking ahead, the Group...